The Reserve Bank of Zimbabwe has introduced a 100-trillion dollar note in the wake of a hyperinflation that has paralyzed that land-locked South African country's economy, and to ease shortages of cash, media reports said.
State media announced Friday plans for the new 100,000,000,000,000 Zim-dollar bill. The bank is introducing three other notes in trillion-dollar denominations of 10, 20 and 50.
The move came just a week after the printing of billion-dollar bills, which have since been rendered too insignificant to meet the requirements because of the inflation.
"In a move meant to ensure that the public have access to their money from banks, the Reserve Bank of Zimbabwe has introduced a new family of bank-notes, which will gradually come into circulation, starting with the Z$10 trillion," the reports, citing a statement from the central bank, said.
The bank announced earlier this week that employees would be able to withdraw their salaries on presentation of a work payslip.
New banknotes issued earlier did not adequately curb the cash crunch faced by Zimbabweans, who often line up for hours outside banks to withdraw money.
The last official estimate in July put the inflation rate at a staggering 231 million percent, possibly standing at a much higher figure now.
The economic crisis in the impoverished country, currently under U.S. and E.U. sanctions, has virtually crippled Zimbabwe's health services, while it suffers from chronic shortages of basic needs.
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